The EUR could be weighed if Germany's December ZEW indicator of economic sentiment released later Tuesday comes out lower than market expectations, says Masafumi Yamamoto, chief forex strategist at Barclays in Tokyo. Such results could "increase future rate-cut expectations" by the ECB, which could drag down the EUR, he says. The common currency is also prone to news related to Italian politics, he says, after Prime Minister Mario Monti surprised by announcing plans to resign early. A clear fall below 1.2810 could indicate a shift to a weaker trend, he says. The EUR/USD is at 1.2938.
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